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Empery Digita
2026-07-21 01:22:00

Empery Digital cuts Bitcoin holdings after buying at about $117,600 and selling at roughly $62,000

Empery Digital, formerly electric off-road motorcycle maker Volcon, has emerged as a sharp example of how a corporate Bitcoin treasury strategy can unravel once prices fall below funding costs. After rebranding in July 2025 and building a position of roughly 4,000 BTC at an average purchase price of about $117,600, with total spending near $470 million, the company later reached a peak of 4,081 BTC. By 2026 it had begun trimming that exposure. A filing disclosed on July 10 showed another sale of 1,400 BTC for $87.1 million, or around $62,000 per coin. Relative to the reported cost basis, that tranche alone represented an estimated loss of about $77 million. PANews said the company now holds 1,514 BTC and about $73.9 million in cash. The proceeds have been directed to several needs: repaying $10 million of debt while $45 million remains outstanding, preparing for the purchase of a 25% stake in a convertible AI data center facility in the U.S. Midwest for $65 million, and covering legal fees tied to shareholder litigation. The company has also shut down its Bitcoin holdings dashboard and shifted its strategic focus toward AI infrastructure.

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Empery Digital cuts Bitcoin holdings after buying at about $117,600 and selling at roughly $62,000
Empery Digita
2026-07-15 11:46:03

Empery Digital sold 1,400 BTC for $87.1 million as it shifts capital toward AI data centers

Empery Digital, the Nasdaq-listed bitcoin treasury company trading under EMPD, has sold 1,400 BTC since May 7, 2026, raising about $87.1 million at an average price of roughly $62,200 per coin, according to SEC filings cited by Decrypt and CoinDesk. The sales cut its bitcoin holdings by nearly half. The company said $10 million of the proceeds was used on July 7 to repay debt. The rest is set to fund a previously announced real estate acquisition in the U.S. Midwest that is expected to be converted into an AI data center, while also covering legal expenses tied to shareholder litigation and general working capital. As of July 10, Empery Digital still held 1,514 BTC valued at about $96.5 million, along with $73.9 million in cash and $45 million in outstanding debt. In a July 1 press release, the company said it needed $65 million to complete the acquisition and expected to take a 25% stake in the private entity tied to the facility. Co-CEO Ryan Lane said the deal reflects the firm’s future capital allocation direction and added that there is currently no plan to accumulate more bitcoin, with additional sales remaining possible.

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Empery Digital sold 1,400 BTC for $87.1 million as it shifts capital toward AI data centers
Empery Digita
2026-07-12 02:54:27

Empery Digital Sells 1,400 BTC to Fund AI Data Center Investment and Debt Repayment

Bitcoin treasury company Empery Digital (EMPD) said it sold 1,400 BTC over the past two months at an average price of $62,200, generating about $87.1 million in cash. The company said the proceeds will be used for an AI data center project and debt repayment. Part of the capital was allocated to acquire a 25% stake in an AI data center project, while another $10 million was used to pay down outstanding debt. After the sale, Empery Digital’s Bitcoin holdings fell 48% to 1,514 BTC, which the company said are worth about $97 million at current prices. EMPD shares rose as much as 4.2% shortly after the open and finished the session up 1.58%. According to the market view cited in the report, investors reacted positively to the company’s decision to shift part of its Bitcoin reserves into AI infrastructure.

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Empery Digital Sells 1,400 BTC to Fund AI Data Center Investment and Debt Repayment
Empery Digita
2026-07-11 01:17:58

Empery Digital sells 1,400 BTC to fund AI data center pivot and repay debt

Nasdaq-listed Empery Digital disclosed in an 8-K filing dated July 10 that it has sold 1,400 bitcoin since May 7 at an average price of about $62,200, generating roughly $87.1 million in proceeds. The company said the cash will be used for two purposes: repaying $10 million in debt and funding a $65 million AI data center project. In return for that investment, Empery will receive a 25% equity stake in a project affiliated with Hunt Properties, with the industrial site set to be converted into an AI data center campus. Empery previously shifted its business model in July last year, moving from electric sport vehicle manufacturing to a bitcoin treasury strategy. It raised more than $500 million and accumulated over 4,000 BTC, placing it among the top 25 public company holders of bitcoin, according to the report cited by The Block.

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Empery Digital sells 1,400 BTC to fund AI data center pivot and repay debt